Reported 11 months ago
The government is considering upgrading the travel warning to Mainland China, with the Mainland Affairs Council set to explain through a press conference in the afternoon, leading to concerns in the market about tourism stocks. This morning, tourism stocks fell with a total of 32 listed stocks showing a decline, with the most significant drops being 5% for Hong Yi in the over-the-counter market and 4% for Bao Deli, while Phoenix Travel Agency in the listed market had the heaviest drop at 3%. This move follows China's recent announcement regarding cracking down on Taiwan independence and the possibility of raising the travel warning level to orange due to safety concerns. This news has affected tourism stocks significantly.
Source: YAHOO